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Elshahbander

Egypt is home to the only fully vertically integrated textiles industry in the Middle East, with the entire production process — from the cultivation of cotton to the production of yarns, fabrics and ready-made garments — carried out domestically. The sector plays an extremely central role in the Egyptian economy.

It is the first in terms of jobs accounting for 30% of local employment in 2010. It accounts 30% of industrial output and around 14.2% of Non- Petroleum exports in first three quarters of 2011/2012, according to the Central Bank of Egypt. There are more than 7,150 textile-related companies registered with the Industrial Development Authority, with total investment EGP 43,014 Million. The power player within the sector is readymade garments (RMG), worth 75% of the textile and garment industry.But unfortunately there is no information hub or network to connect all the parties in this important industry. Elshahbander is an online platform connecting all the textile industry stakeholders.

Elshahbander is an online platform which serving the textile industry by presenting packaged of service (connecting, selling and requirement). 


 

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Investment Rounds

  • Date January, 2015 | Type Early Stage | Source TIEC